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The China News Database was last updated at 01:50PM on November 9, 2023.
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41 articles matching the search query.
Evergrande enters another payment grace period as Fed warns of China real estate risk
China’s highly indebted property developer Evergrande continues to hop from one grace period to another on payments for various bonds, narrowly avoiding default. Meanwhile, the U.S. Federal Reserve has raised concerns about risks from “highly indebted corporations, especially in the real estate sector” in China.
Update: The pros and cons of a property tax
A story from the The China Project A.M. newsletter. Sign up for free here.
Modern Land becomes latest Chinese developer to default as Evergrande grabs lifelines
The Chinese developer Modern Land said today that it had missed all payments on a $250 million bond, highlighting continuing strain in China’s property sector. At the same time, Evergrande appears to have averted multiple crises and the IMF says that risks are “contained,” for now.
In flex of political muscle, Xi pushes through controversial property tax
China’s new five-year pilot program for property taxes is thin on details — including where it will be introduced, who will have to pay, how high, and how often. But Beijing is hoping the long-dismissed continuation of trials last implemented in 2011 is a way to safely and smoothly deflate the real estate bubble.
Xi wants to reshape the economy, but are property taxes going too far?
One reason why apartments in Chinese cities are so expensive is that their owners pay no tax on them, which distorts the economy and creates a host of socio-economic problems. But fixing this problem might just be too difficult, even for Xi Jinping.
Editor’s note for Tuesday, October 19, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Xi Jinping wants a property tax, but reportedly faces widespread pushback from within the Party.
Real estate contagion watch continues with more defaults and downgrades
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Is this what Evergrande contagion looks like?
A story from the The China Project A.M. newsletter. Sign up for free here.
Real estate fears weaken demand for land — and the buildings on it
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The fall of the Evergrande boss
From ironworker to China’s richest man, Xu Jiayin personified the freewheeling, dealmaking China of former decades. But now he and his debt-ridden business empire must reckon with cooling growth, and a Chinese leader on a mission to root out decadence from society.
Evergrande’s ‘week of reckoning’: Will China let its dodgiest developer default?
Evergrande is an enormous conglomerate that develops real estate, sells apartments and wealth management products, and invests in electric vehicles and soccer teams. Is the house of cards about to collapse?
China’s Red New Deal: Tracking all the different crackdowns on companies going on right now
Updated October 26: The China Project’s tracker of all of China’s different crackdowns — now affecting 19 different industries or interest groups.
More Chinese women are buying homes than ever before — report
Whether by saving or getting help from their parents, more and more young Chinese women are ensuring their future independence by buying their own homes.
Viral video of man evading facial recognition leads to surveillance bans in Chinese cities
Real estate companies in China are using facial recognition to track customers and improve their sales and marketing results. But a viral video has made some city governments crack down on private sector use of the technology.
Chinese real estate investment in the U.S. comes to a standstill
The coronavirus has brought the U.S. real estate industry to a standstill, with deals stalled and showings canceled, and it has halted, at least temporarily, Chinese purchases of U.S. commercial and residential properties.
The new real estate boom in smaller cities?
On April 9, China’s powerful economic management organ, the National Development and Reform Commission (NDRC), published a paper called Key tasks for urbanization in 2019…
Women in China are becoming a powerful force in homebuying
Women in China are becoming a powerful force in homebuying
Point and click and buy a house in Sydney or Vancouver
Juwai.com, a website that markets residential properties around the world to mainland Chinese customers, has announced a partnership with JD.com, China’s second-most-famous ecommerce company. The…
A Chinese deflation of global real estate?
A summary of the top news in Chinese business and technology for June 23, 2017. Part of the daily The China Project newsletter, a convenient package of China’s business, political, and cultural news delivered to your inbox for free. Subscribe here.
News roundup: China’s key economic tasks for 2017
Top China news for December 9, 2016. Get this daily digest delivered to your inbox by signing up at supchina.com/subscribe.
